Chuka University Sacco society ltd is a deposit taking Sacco licensed under the Cooperative Societies Act and Regulated by Sacco Societies Regulatory Authority. The society is looking for qualified and competent persons to fill the following positions

1. CHIEF EXECUTIVE OFFICER Grade: CUSACCO/EG5

Reporting to Board of Directors

Duties & Responsibilities

1. To be responsible for the implementation of the SACCO’S strategic business plans
2. To be responsible for the implementation of and adherence to policies, procedures, and standards.
3. To be responsible for the SACCO’s investments and management of a balanced investment portfolio.
4. To be responsible for the management, development & maintenance of a high-performance team by providing transformative leadership & effective supervision, guidance, and initiating training of staff and members under your jurisdiction.
5. To be responsible for the Sacco’s financial & operational planning, forecasting, and budgeting and be able to conceptualize and explain variances.
6. To be responsible for prudent management of costs so as to achieve business growth as outlined in the strategic plan.
7. To be responsible for supporting the board’s decisions making preparation, analysis & presentation of comprehensive, timely, reliable, and compliant financial reports.
8. To ensure effective implementation of financial, operational & accounting policies and procedures.
9. To prepare weekly, monthly, and quarterly reports on the performance of the entire SACCO’s key result areas for the board and advise accordingly.
10. To ensure compliance with all statutory and regulatory requirements of the SACCO & be able to propose changes to the board such as SACCO ACT, rules, by-laws, SASRA ACT, and Cooperative rules.
11. To cause to develop and provide high-quality products and efficient services which are value-adding to members so as to enhance market share and revenue command of the SACCO.
12. To provide support to the board of directors by organizing all board and sub-committee meetings, annual and special general meetings, and supervisory meetings as and when required.
13. To build and develop a highly motivated team of employees through embedding performance development and coaching through identification of staff training needs and enshrine them in the training and education programs of the society.
14. To develop and operate a financial services network of branches based on assessment from relevant officials – on quality member service, innovative savings, loan products, and introduction of new business opportunities.
15. To promote the SACCO’s corporate image by portraying it to society in a professional manner at all times.
16. To attend and participate in board meetings, seminars, and conferences at all levels to keep informed of the developments affecting the SACCO movement and business environment in general.
17. To support the board of directors in developing a strategic plan upon which other SACCO plans will be hinged to drive the vision and mission of the SACCO business into the future.
18. To implement, without delay, all recommendations from the government regulatory bodies, BOD, internal and external audit reports and consultants based on agreements arrived at with Board.
19. To cause to ensure the correctness of books of accounts, receipts, and disbursements are well maintained.
20. To ensure safe custody of all funds, documents, and property belonging to the SACCO and ensure their safekeeping.
21. To keep minutes of all general meetings and meetings of the board of directors.
22. To prepare, approve, authorize and sign all official correspondence of the SACCO.
23. To be a signatory to SACCO Society cheques, contracts, and other documents as may be necessary.
24. Head of the HR function and overall staff welfare as well as the implementation of the Staff Performance System (PMS).
25. To perform such other duties as may be directed by the board of directors.

Impact of Results

Effective and efficient overall planning, administration, coordination, and evaluation of all functions of the SACCO.

QUALIFICATION AND EXPERIENCE

Bachelor’s Degree in Business Development related field or its equivalent

1. Bachelor of Commerce/ Business Administration/ or any other Business-related degree
2. A Master’s Degree will be an added advantage.
3. CPA (Part 2) or ACCA equivalent qualifications
4. A minimum of fifteen 9 years of working experience in a deposit-taking SACCO
5. Computer literacy and knowledge of ERP
6. Knowledge of the SACCO business model and other operations issues of the SACCO
7. Good analytical, communication, and writing skills.
8. Excellent organization and interpersonal skills.
9. Change agent – introducing and implementing institutional changes and installing organizational development programs in regard to SACCO matters.
10. Must possess a high degree of integrity.
11. Strategic thinking and result oriented.
12. Track record of good management and development skills.
13. Knowledge of financial accounting reporting.
14. Ability to network with stakeholders.

General Requirements

1. Planning & organizing
2. Leadership
3. Entrepreneurial awareness
4. Decisiveness and adaptability

2. FINANCE MANAGER Grade: CUSACCO/EG5

Reporting to the Chief Executive Officer

Duties and Responsibilities

1. To be responsible for the planning, organizing and control of the accounting function in the Sacco.
2. To ensure that monthly trial balance is presented to the board meetings on monthly basis and advice the board on financial status of the society.
3. To prepare economic report on quarterly basis and submit to the C.E.O office.
4. To ensure that the Sacco operation are conducted as per the laid down policies in order to meet the expected result.
5. To ensure that the regulatory reports are properly compiled and sent as per the regulatory requirements e.g. SASRA, KRA, NSSF, NHIF etc
6. To be responsible for maintenance of an appropriate and accurate overall accounting system in Sacco operations.
7. Preparation of the financial statements as per the International Financial Reporting Standards and Sacco Societies Act
8. To submit to the C.E.O office monthly cash flow statement and other operational reports
9. To prepare budgets and cash flow projections with consultation with C.E.O.
10. Ensure transparency, accountability and effective use of financial resources and assets.
11. Assist in development and implementation of Sacco policies, rules, and procedures in liaison with the CEO and board.
12. To act in CEO position in his/her absence.
13. Appraises and ensures that the other Senior managers are working according to laid down procedures.
14. Pay roll management and cheques custodian
15. Monitoring and replenishing cash from the bank
16. Liaise with the external auditors
17. To perform any other duties assigned.
18. Recommends investment of surplus members’ funds in consultation with the CEO
19. Prepares liquidity assessment for the Society in liaison with FOSA Manager
20. Market and cross-sell the Sacco products and services

MINIMUM QUALIFICATIONS

1. CPA(K)/ ACCA (Mandatory)
2. Bachelor of Commerce or related business degree
3. Minimum 3 years’ experience in a supervisory or management capacity
4. Computer proficiency in computer application, especially in accounting packages and systems
5. Having been involved in audit service /analysis of financial statements is an added advantage
6. Knowledge of various Sacco software systems an added advantage
7. Outstanding leadership and managerial skills including coaching and training

INTERNAL AUDITOR Grade: CUSACCO/MG5

Reporting to Board of Directors and administratively to the CEO

Duties & Responsibilities

1. Prepare and present internal audit reports to the Board of directors
2. Review and report on the adequacy of the internal audit system and the financial matters of the Sacco.
3. Works very closely with all departments and ensure compliance to set rules, procedures and policies.
4. Carry out risk analysis of Society operations
5. Appraise Society compliance to laid down procedures and regulations
6. Assess adequacy of laid down operational procedures and advise the management accordingly
7. Verifies payment vouchers and schedules to determine their authenticity
8. Prepare and adhere to audit work plans.
9. Prepare quarterly annual audit reports for management review
10. Document internal audit assignments
11. Presentation of signed, rated audit reports to the management
12. Avail reports to stakeholders especially external auditors to enhance efficiency and effectiveness
13. Any other duties as assigned by management

Personal Attributes

The holder of the Internal Auditors position must;

1. Be of exemplary integrity and honest
2. Have excellent communication and interpersonal skills
3. Have excellent financial analysis skills
4. Be a team player
5. Be decisive and possess quick judgment skills
6. Possess excellent business writing and presentation skills
7. Be proactive and have initiative
8. Possess analytical and critical thinking skills
9. Must be impartial in reporting

Minimum Qualifications

1. CPA(K)/ACCA (Mandatory)
2. Be a member of ICPAK
3. Qualification in CISA is an added advantage
4. Computer proficiency especially in accounting packages and systems
5. Knowledge of various Sacco software systems an added advantage
6. Knowledge of government and other stakeholder’s rules and regulations

Interested Candidates Must Fulfill the Requirements as Per Chapter Six of the Kenyan Constitution. They should immediately initiate clearance from the following bodies as they shall be a requirement to be presented at the interview stage for successful candidates:

1. Police clearance certificate (Certificate of Good Conduct).
2. Tax compliance certificate from the Kenya Revenue Authority (KRA).
3. Clearance certificate from the Ethics and Anti-Corruption Commission (EACC). 

Application procedure

Candidates who meet the minimum requirements are invited to send their detailed CV including 3 referees to This email address is being protected from spambots. You need JavaScript enabled to view it. by 23^rd July 2024 at 4.00PM use the job title as the email subject. You are also required to fill and submit the attached form(here!). Only shortlisted candidates will be contacted.